THE INNOVATIVE POLICIES ARE THE KEY OF AN INNOVATION-DRIVEN ENTREPRENEURSHIP: EVIDENCE FROM GEM

Abstract— From Global Entrepreneurship Monitor project, this article highlights the influence of technological innovation on the entrepreneurial activity in early stage and how innovative entrepreneurship can increase the economic growth in developing countries at the same time analyzes the innovation-driven entrepreneur. The literature review of this article concentrates on innovation and entrepreneurship in order to identify the innovative initiatives of entrepreneurship. The methodological approach uses a logit model drawing from a robust Spanish database of General Entrepreneurship Monitor (GEM) in 2018. Our analysis depend on three variables groups: the Total Early-Stage Entrepreneurial Activity (TEA), technology newness and product newness. The results show maximum frequency of entrepreneurial activities among those initiatives that affirm that products and services offered are perceived as novel only by some customer and initiatives that use technologies between 1 and 5 years.